2112 Shady Glen Trl, Princeton, TX 75407
4 beds · 2 baths · 1,901 sqft
Pristine, lovingly cared for home in the heart of the desirable Abbey Crossing neighborhood which offers a fantastic community pool and easy access to shopping, award winning schools, and more! This 4 bed, 2 bath home has been meticulously maintained and has a very flexible open floor plan. The 4th bedroom is also perfect as a home office, 2nd living area, or exercise room! Beautiful updates include impressive baseboards in the living areas, some stunning wood moldings in the secondary bath, decorative lighting, and more! In the entry, an arched opening welcomes you and gorgeous easy care wood look flooring runs through out the kitchen, dining, and living areas. Of course the kitchen is the heart of the home and the large island is the perfect gathering place for family and for entertaining! Granite counter tops are beautiful and so practical! The spacious master suite is easily large enough for a King sized bed, with room to spare for other furniture! The luxurious master bathroom includes an oversized shower, a spacious vanity, and open shelving! A large covered patio is perfect for enjoying the shade, cookouts and more! This seller takes great pride in his yard and it shows! The large back yard is beautiful!
Source: NTREIS #20882312
Financials
Source: NTREIS #20882312
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.